Cobblestone Asset Management LLC Invests $1.34 Million in SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM)

Cobblestone Asset Management LLC acquired a new position in shares of SPDR Portfolio Emerging Markets ETF (NYSEARCA:SPEM) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 37,070 shares of the company’s stock, valued at approximately $1,342,000. SPDR Portfolio Emerging Markets ETF comprises 0.9% of Cobblestone Asset Management LLC’s investment portfolio, making the stock its 18th largest holding.

Other institutional investors also recently bought and sold shares of the company. Anchor Investment Management LLC purchased a new position in shares of SPDR Portfolio Emerging Markets ETF during the 4th quarter worth approximately $28,000. American National Bank grew its stake in shares of SPDR Portfolio Emerging Markets ETF by 179.0% in the fourth quarter. American National Bank now owns 809 shares of the company’s stock valued at $29,000 after buying an additional 519 shares in the last quarter. Frazier Financial Advisors LLC purchased a new stake in shares of SPDR Portfolio Emerging Markets ETF in the 4th quarter valued at $32,000. Tsfg LLC acquired a new position in SPDR Portfolio Emerging Markets ETF during the 4th quarter worth about $70,000. Finally, Fortitude Family Office LLC purchased a new position in SPDR Portfolio Emerging Markets ETF during the 4th quarter valued at about $82,000.

SPDR Portfolio Emerging Markets ETF Stock Up 0.2 %

NYSEARCA:SPEM traded up $0.06 on Monday, reaching $37.73. 1,220,381 shares of the company’s stock were exchanged, compared to its average volume of 1,663,197. The firm has a market capitalization of $8.96 billion, a price-to-earnings ratio of 13.05 and a beta of 0.81. SPDR Portfolio Emerging Markets ETF has a 52-week low of $32.06 and a 52-week high of $38.84. The business has a fifty day moving average of $37.61 and a 200-day moving average of $36.13.

About SPDR Portfolio Emerging Markets ETF

The SPDR Portfolio Emerging Markets ETF (SPEM) is an exchange-traded fund that is based on the S&P Emerging Markets BMI index. The fund tracks an index of emerging markets companies weighted by market cap. SPEM was launched on Mar 19, 2007 and is managed by State Street.